You are testing the null hypothesis that there is no linear relationship between two variables, X and Y. From your sample of n= 18, you determine that b, = 4.6 S, =1.3. a. What is the value of ISTAT? b. At the a0.05 level of significance, what are the critical values? c. Based on your answers to (a) and (b), what statistical decision should you make? d. Construct a 95% confidence interval estimate of the population slope, P OB H 20 A. H P0 H B 0 OC H Pi s0 OD. Ho P0 H =0 verted)
You are testing the null hypothesis that there is no linear relationship between two variables, X and Y. From your sample of n= 18, you determine that b, = 4.6 S, =1.3. a. What is the value of ISTAT? b. At the a0.05 level of significance, what are the critical values? c. Based on your answers to (a) and (b), what statistical decision should you make? d. Construct a 95% confidence interval estimate of the population slope, P OB H 20 A. H P0 H B 0 OC H Pi s0 OD. Ho P0 H =0 verted)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![You are testing the null hypothesis that there is no linear relationship between two variables, X and Y. From your sample of n= 18, you determine that b, =4.6 and
So, =1.3.
a. What is the value of tSTAT?
b. At the a=0.05 level of significance, what are the critical values?
c. Based on your answers to (a) and (b), what statistical decision should you make?
d. Construct a 95% confidence interval estimate of the population slope, B
A. H P=0
1a H P20
H P >0
H =0
ISTAT= 3.54 (Round to two decimal places as needed.)
b. The
wer critical value is
The upper critical value is
(Round to four decimal places as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb029ca17-5cf0-49a9-a8e5-fb135d5317ec%2F367d9683-0830-416a-a930-a955d346a8c8%2Fqqks0n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You are testing the null hypothesis that there is no linear relationship between two variables, X and Y. From your sample of n= 18, you determine that b, =4.6 and
So, =1.3.
a. What is the value of tSTAT?
b. At the a=0.05 level of significance, what are the critical values?
c. Based on your answers to (a) and (b), what statistical decision should you make?
d. Construct a 95% confidence interval estimate of the population slope, B
A. H P=0
1a H P20
H P >0
H =0
ISTAT= 3.54 (Round to two decimal places as needed.)
b. The
wer critical value is
The upper critical value is
(Round to four decimal places as needed.)
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